05.07.2009

Defines the period of time for which the rights given in the granting clause will extend. The habendum clause provides for a primary term which is a fixed term of years during which the lessee has the right, without any obligation, to operate on the premises. It also describes a secondary term as the extended period of time for which rights are granted to the lessee once production is obtained

Gina Cohen
Natural Gas Expert
Phone:
972-54-4203480
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